Tag Archives: mortgages

Prime Realty sells one tower, defaults on another

March 4, 2010 BY DAVID ROEDER Sun-Times Columnist Chicago-based Prime Group Realty Trust, an owner of office buildings, said it sold a downtown tower and has defaulted on one of the largest complexes in the suburbs. Prime Group said it sold 180 N. LaSalle for $72.25 million. The buyer of …

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Negative equity sinking more area homeowners

February 24, 2010 Nearly a quarter of homes in the Chicago metropolitan area, or 24.2 percent, were underwater–worth less than the mortgages being paid on them at the end of the fourth quarter, according to the latest report from First American Core Logic. That was up from 21 percent at …

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